The rupee on Wednesday surged by 65 paise -- its biggest single day spike since September 2020 -- to end at 72.72 against the US dollar on the back of weakness in the American dollar and rise in risk...

The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.28 per cent to 91.29.

At the interbank forex market, the domestic unit opened at 72.43 against the US dollar, then lost further ground and touched 73.10, registering a plunge of 67 paise over its previous close.

On Wednesday, the rupee had settled at 72.35 against the American currency.

At the interbank forex market, the local unit opened at 72.35 against the greenback and witnessed an intra-day high of 72.26 and a low of 72.41.

In the previous session, the rupee had slipped 4 paise to settle at 72.97 against the US dollar.

At the interbank forex market, the rupee opened at 72.95 against the American currency and hit an intra-day high of 72.89 and a low of 72.96 in day trade.

At the interbank forex market, the domestic unit opened at 73.10 against the US dollar and inched higher to 73.08 against the greenback, registering a rise of just 3 paise over its previous close.

On Tuesday, the rupee depreciated 15 paise to settle at 73.17 against the US dollar.

On Monday, the rupee appreciated by 9 paise to close at a four-month high of 73.02 against the US dollar.